sales commission


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Commission

A form of payment to a brokerage in which the brokerage receives a percentage of the value of each transaction that a client orders. Commissions are seen as advantageous to a client because if the client does not make orders, then he/she does not have to pay a broker. However, commissions create an incentive for brokers to make as many transactions as possible; this has resulted in the regulation of commissions by the SEC. The percentage of a commission varies by brokerage, with those charging higher commissions offering a wider variety of investment advisory services. Low-commission brokerages usually offer no investment advice and simply fill orders. See also: Fee.

sales commission

incentive payments made to the firm's own SALES REPRESENTATIVES for reaching/exceeding specified SALES targets. Where a firm employs AGENTS to sell its products, commissions are used as the primary form of remuneration. See SALES AGENCY.
References in periodicals archive ?
If earlier opening times boost Sunday sales, then that can help offset money the state would lose by letting distilleries earn higher sales commissions.
* Based in Halstead's SoHo office, the veteran broker was presented with the Highest Gross Sales Commissions Award for New York and New Jersey.
Under the new sales commission plan, which could very well be extended to its AS/400 and RS/6000 lines because they are part of the problem, too, IBM Credit is sending a very strong message to customers that if they want to move equipment the easy way - by cutting prices - they are not going to make any money.
CellarStone works with IT, Finance, Human Resources and Sales to manage and implement variable pay and sales commission systems.
"We believe a 6% sales commission is a great way for us to do both."
Now, as far as the closures are concerned, once an estate has been close, the lands will now be subject to the jurisdiction of, first of all, a State Land Sales Commission, of which the SPU, the Special Purpose Unit under NICIL, will have representation.
"We believe a six-percent sales commission is a great way for us to do both."
San Mateo, CA, September 03, 2014 --(PR.com)-- CellarStone Inc., a San Mateo, CA-based sales commission management solution, and Charlotte, NC based CM Global Partners, a leading Lean improvement compensation planning company announce a new Strategic Partnership.
"A restructuring of our sales commission plans has reduced our sales force turnover by more than 50% in 2004."
In addition, the builder wanted the client to pay a 5% sales commission on the $300,000 lot where the home was to be built.
Assuming this to be true, the only apparent advantages to transferring the property in kind to the plan would appear to be that there would be no need to pay a sales commission to a realtor and no need to find a buyer on what might have been short notice.
Your variable costs (i.e., advertising or sales commission) on a per unit basis is $1, and your selling price to wholesalers will be $3.